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so continue to watch any of those talks with boehner and obama, and if they make any kind of progress. then we can see the s&p start to build momentum on that and travel upward. > people who were investing overseas are very happy about what is happening in europe. german stocks are soaring. is it too late to get in? > > we saw the dax push up to a 52-week high last week. really the key here is safety. they are using that stock market as their safety gauge if they are trading over in europe. so, if the safety play continues to warrant being ultra- conservative, yeah, you are going to see that market continue to move upward. if traders want to take on a little bit more risk and spread to some of the other european sovereign-debt nations like spain or greece, then you are probably going to see that safety play back off a little bit. > there are always places to park money. good to have you on the show this morning. have a great trading day. > > you too. if you're not yet fully awake this monday, here's one thing to open your eyes: after years of higher and higher coffee prices to consume
so continue to watch any of those talks with boehner and obama, and if they make any kind of progress. then we can see the s&p start to build momentum on that and travel upward. > people who were investing overseas are very happy about what is happening in europe. german stocks are soaring. is it too late to get in? > > we saw the dax push up to a 52-week high last week. really the key here is safety. they are using that stock market as their safety gauge if they are trading over...
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Dec 8, 2012
12/12
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boehner wants the rate to stay at 35% or even lower. but what about meeting in the middle? around 37%? listen carefully to the speaker when he was asked today whether that rate could be the answer to this impasse. >> there are a lot of things that are possible. to put the revenue the president seeks on the table. but none of it's going to be possible if the president insists on his position. insists on my way or the highway. >> you hear what he said? a lot of things are possible. that may not sound like much where you're from, but here in washington, it sounds suspiciously like code for we're making progress. more evidence boehner's democratic counterpart house minority leader nancy pelosi also seems to be softening her language as we head into the weekend. listen. >> what we want to do is protect the middle class. so it's not about the rate. it's about the money. >> so is 37 the magic number in this fiscal cliff debate? "outfront," two men who know taxes very well. douglas holtz-ekin, president of the american action forum and robert reich from the university of california
boehner wants the rate to stay at 35% or even lower. but what about meeting in the middle? around 37%? listen carefully to the speaker when he was asked today whether that rate could be the answer to this impasse. >> there are a lot of things that are possible. to put the revenue the president seeks on the table. but none of it's going to be possible if the president insists on his position. insists on my way or the highway. >> you hear what he said? a lot of things are possible....
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Dec 13, 2012
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something that boehner has been doing a lot of. let me explain how deficits between revenue and spending are mathematical and it's ridiculous and insulting to the intelligence to suggest that it is one or the other. the you want to balance the books, you spend less or bring in more. that's it. you can't make the argument that one or the other is the problem. every time he said it it's more and more ridiculous. i will complete his equation and tell you the truth where the politicians fall short. look at the bush era tax cuts that started in 2001 on the national debt. we projected it out to 2019, the big blob on the top. beige or butterscotch color. that's the bush era tax cuts and part of what is expected to be massive debt. that is the single biggist part of it, bigger than the cost of the wars or the economic downturn or t.a.r.p. or the cost of the bailouts of fannie mae and freddie mac and to all the measures to combat the crisis combined. i can't tell you whether we have a tax or a revenue problem, we have a math problem and it
something that boehner has been doing a lot of. let me explain how deficits between revenue and spending are mathematical and it's ridiculous and insulting to the intelligence to suggest that it is one or the other. the you want to balance the books, you spend less or bring in more. that's it. you can't make the argument that one or the other is the problem. every time he said it it's more and more ridiculous. i will complete his equation and tell you the truth where the politicians fall short....
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>>> john boehner is telling lawmakers not to make christmas plans. the warning comes after president obama talked about boehner on the phone last night. sources say it was a tense conversation. experts warn of a new recession if a deal can't be reached in 20 days. >>> new jersey governor chris christie says it's ridiculous to say that he couldn't be president because of his weight. the republican governor is rumored to be considering a bid for the white house in 2016. >>> and pope benedict xvi blessed his followers in his first tweet today. he now has one million followers on this twitter page alone and many more account in several other languages. some saying that he's the coolest pope in history. >> isha, thank you. >>> a former u.s. marine served iraq and afghanistan and now his parents fear that he may die in a mexican prison. they are pleading for his safe return after what was a surfing trip. johnny hammar's story just ahead. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right
>>> john boehner is telling lawmakers not to make christmas plans. the warning comes after president obama talked about boehner on the phone last night. sources say it was a tense conversation. experts warn of a new recession if a deal can't be reached in 20 days. >>> new jersey governor chris christie says it's ridiculous to say that he couldn't be president because of his weight. the republican governor is rumored to be considering a bid for the white house in 2016....
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Dec 7, 2012
12/12
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house speaker boehner coming out earlier today and saying no progress has been made in the negotiations. our chief washington correspondent john harwood is here with the latest. >> reporter: we ended the week with a fairly perfect, simple, clear, elegant expression of the partisan differences in this fight. speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> reporter: not surprisingly, democratic house leader nancy pelosi had precisely the opposite explanation for what is behind this stalemate. she says republicans simply echoing the white house are going to have to buckle on the issue of the top rates. >> the only obstacle standing in the way of middle income ta
house speaker boehner coming out earlier today and saying no progress has been made in the negotiations. our chief washington correspondent john harwood is here with the latest. >> reporter: we ended the week with a fairly perfect, simple, clear, elegant expression of the partisan differences in this fight. speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days...
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Dec 11, 2012
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speaker john boehner has to be re-elected. if he does sort of curve to the left and finds his way down the middle, he can almost guarantee he's re-elected; right? >> well, he has to earn the trust of republicans, particularly conservative republicans. if he brings it through and pushes it through, that ruins the republican brand forever. we barely convinced the american people we're against tax increases, but if they pass a tax increases, we're on the road to the minority. that worries members of the conference irrespective of the cliff created, again, by a bad deeing in august 20 # 11 that the american people said don't raise the ceiling, washington raised it, cut spending in the future. that sounds awfully familiar from the white house and out of the speaker and the majority leaders as well. tracy: do you have anied what's -- whatever boehner presented to the white house tonight, do you have any idea what's in the compromise? >> none whatsoever, no details gimp to us, again, undeclared cuts, but what i can be certain about,
speaker john boehner has to be re-elected. if he does sort of curve to the left and finds his way down the middle, he can almost guarantee he's re-elected; right? >> well, he has to earn the trust of republicans, particularly conservative republicans. if he brings it through and pushes it through, that ruins the republican brand forever. we barely convinced the american people we're against tax increases, but if they pass a tax increases, we're on the road to the minority. that worries...
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Dec 10, 2012
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john boehner sitting by himself. all alone. not a single member of his party willing to share a seat. dent even have any milk to drink because, well, tell them why, john. >> they took my milk and threw it in the garbage. >> "early start" continues right now. >>> i'm so devastated for them. i'm really feeling for them. >> breaking radio silence. two deejays talk about the family of the nurse who took her own life after getting duped by their prank call. >>> top secret rescue mission. an american saved in afghanistan but at a heavy price. >> look who's talking. president obama and john boehner finally get together a little more than three weeks before we hit the fiscal cliff. good morning, everyone. welcome to "early start." i'm john berman. >> it's so night to you have back, john. it's 6:00 a.m. in the east. let's get started. the two men who stand between all of us and the fiscal cliff are finally speaking face-to-face. president obama and house speaker john boehner actually looked into each other's eyes yesterday and they talk
john boehner sitting by himself. all alone. not a single member of his party willing to share a seat. dent even have any milk to drink because, well, tell them why, john. >> they took my milk and threw it in the garbage. >> "early start" continues right now. >>> i'm so devastated for them. i'm really feeling for them. >> breaking radio silence. two deejays talk about the family of the nurse who took her own life after getting duped by their prank call....
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. >>> and president obama and house speaker boehner mum on fiscal cliff negotiations. and a sign that a deal could be near. >>> new world order, the economy growing at an enormous rate in china, and in a few years it will surpass the u.s. what it means, coming up. >>> dozens of homes damaged in the south, ripping off roofs and damaging trees. more to come. stamp watch, straight ahead. >>> lots to talk about this morning. the next two hours, we'll talk with steve israel. jeff sessions, sandy levin, rahm emanuel and businessman javier paolomarez, ed burns, frankie monday easy, and chuck leavell. "starting point" begins right now. welcome, everybody. "starting point" this morning, angry, united. bracing for protests in michigan as the state is poised to become the most unionized right to work state. as many as 10,000 unionized workers expected at the state capitol to voice their disapproval of the measure. some of them teachers, two detroit area school districts shut down for the day as hundreds of teachers plan to join the protest. president obama brought it up during a
. >>> and president obama and house speaker boehner mum on fiscal cliff negotiations. and a sign that a deal could be near. >>> new world order, the economy growing at an enormous rate in china, and in a few years it will surpass the u.s. what it means, coming up. >>> dozens of homes damaged in the south, ripping off roofs and damaging trees. more to come. stamp watch, straight ahead. >>> lots to talk about this morning. the next two hours, we'll talk with...
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speaker boehner, don't give an inch on taxes. >> both john boehner -- what i'm saying is both john boehner and i say, look, if you want to make a deal, you're going to have to consider what the other party wants, what the other side wants, what -- you have to get to an agreement. >> neil: what would the agreement be, one to one? >> look, i've been for bowls simpson and -- the outline, not the specifics. what they said is we need to deal with entitlements, we need to strengthen social security and medicare and make sure they're sustainable. >> neil: their ratio was $3 in spending cuts to 1 dollar in revenue. what do you think this will be? >> actually, frankly, as you probably know, neil, the bowles simpson proposal was closer to 2-1 than 3-1. >> neil: do you think the final package will be 2-1? >> i don't know. i know this, that frankly we ought to stop talking about the politics or ideology. we have a math problem in my opinion. the problem is we need to get -- you could pick your target. my target would be 70% of debt to gdp by 2022 or 2023. then work the math backwards and how you get t
speaker boehner, don't give an inch on taxes. >> both john boehner -- what i'm saying is both john boehner and i say, look, if you want to make a deal, you're going to have to consider what the other party wants, what the other side wants, what -- you have to get to an agreement. >> neil: what would the agreement be, one to one? >> look, i've been for bowls simpson and -- the outline, not the specifics. what they said is we need to deal with entitlements, we need to strengthen...
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Dec 9, 2012
12/12
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boehner authentically doesn't want higher rates. it's a genuine concession by him and by republicans. obama, i think, on truth serum, would agree that significant entitlement reform is something that's necessary, it's something he wants so his concession is actually taking him closer to where he thinks the country needs to be substantively. that is not true of house democrats but with obama, i believe, substantively. chris: i wish you could tell me quickly, why does boehner care so much about the top bracket and the rate? >> because he's authentically a conservative and believes that rates -- higher rates just mean a green light for democrats to expand the role of government. chris: republicans suspect that all democrats want is a larger to spend more money. >> to spend more money and they believe it hinders growth if you have a higher tax rate but you'll see democrats pop up with other issues -- concern about extending unemployment benefits for those out of work the longest which is expensive for the government as well as family fa
boehner authentically doesn't want higher rates. it's a genuine concession by him and by republicans. obama, i think, on truth serum, would agree that significant entitlement reform is something that's necessary, it's something he wants so his concession is actually taking him closer to where he thinks the country needs to be substantively. that is not true of house democrats but with obama, i believe, substantively. chris: i wish you could tell me quickly, why does boehner care so much about...
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boehner has toned it down a few notches. you really just have lindsey graham over there shouting a little bit. >> even that is just -- speaking of lindsey graham, let's play it. even he's being careful in what he says. >> the game you're playing is small ball. you're talking about raising rates on the top 2% and run the government for 11 days. just got re-elected. how about doing something big that is not liberal. how about doing something that is bipartisan. every idea he has is a liberal idea that drowns us in debt. how about manning up here, mr. president. >> well, i keep reminding republicans on this is that the white house politically, they can't be the ones proposing major retitlement reforms because the base of the party will eat them alive. >> that's why he is recognizing give the 2% possibly on the tax, but that has to come from the republican party, it can't come from within the white house, yet alone a democrat that just overwhelmingly won. >> sure you watch capitol hill as well as anybody here sitting at this tab
boehner has toned it down a few notches. you really just have lindsey graham over there shouting a little bit. >> even that is just -- speaking of lindsey graham, let's play it. even he's being careful in what he says. >> the game you're playing is small ball. you're talking about raising rates on the top 2% and run the government for 11 days. just got re-elected. how about doing something big that is not liberal. how about doing something that is bipartisan. every idea he has is a...
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and it is what house speaker john boehner did not say that is drawing attention tonight. when questioned by reporters yesterday, boehner would not comment on whether there is room for compromise on the president's demand for higher tax rates, on high income americans. boehner and the president spoke by phone this week, but in public comments, appear to have no -- made no progress. >>> same sex couples are finally getting their day in court. this time, the u.s. supreme court. justices have decided to hear two constitutional challenges to federal and state laws. one case involves the federal defense of marriage act, which denies federal benefits to same sex couples legally married in their own state. the other is a challenge to california's prop 8, which took away the right of same sex marriage that had been previously approved by state courts. >>> florida governor charlie crist completed his political transformation. crist was elected governor as a republican in 2006, then later ran for the senate as an independent. he campaigned for president obama, and spoke at the democ
and it is what house speaker john boehner did not say that is drawing attention tonight. when questioned by reporters yesterday, boehner would not comment on whether there is room for compromise on the president's demand for higher tax rates, on high income americans. boehner and the president spoke by phone this week, but in public comments, appear to have no -- made no progress. >>> same sex couples are finally getting their day in court. this time, the u.s. supreme court. justices...
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Dec 13, 2012
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speaker boehner left the capital and the white house said the ball was in speaker boehner square. rich edson is on the white house with the latest. were they talking about? this on a day when president obama said i have cut $1 trillion already in spending. that was part of last summer's budget deal. but he says that i am willing to do a lot more cuts in spending. you have a willingness to do spending cuts, a willingness from john boehner to raise revenues. however, we have been stuck on the details of this thing for the past two weeks here. the past three weeks or longer. the white house is putting an offer on the table. they were far apart in spending cuts. our part in revenues and the way they do increase tax revenues. republicans say no to any tax rate increase. how speaker john boehner says they will do it by limiting deductions next year. what the white house wants is an immediate tax rate increase on families earning more than $250,000 per year. they have been going round and round. there has been incredibly little progress in washington since the offers officers were first
speaker boehner left the capital and the white house said the ball was in speaker boehner square. rich edson is on the white house with the latest. were they talking about? this on a day when president obama said i have cut $1 trillion already in spending. that was part of last summer's budget deal. but he says that i am willing to do a lot more cuts in spending. you have a willingness to do spending cuts, a willingness from john boehner to raise revenues. however, we have been stuck on the...
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the boehner plan goes for $2 trillion in deficit reduction, boehner wants, oh, yeah, he's going to kkck tail, all right? we're going to get $2.2 billion in the spending of this country. let me rephrase that. that'll be a $2.2 trillion reduction in the total planned spending. the growth of our spending will alter, it'll be just about that line right there. we're potentially looking at the republican plan, well, in 2020, i guess the best way to show you is just how tough it is. we'll only have a deficit and a debt, a national debt under the boehner plan -- remember, this is the o plan, this is the b plan -- $25.2 trillion by 2022. mr. obama wants $350 billion in entitlement cuts over the next ten years, mr. boehner wants $800 billion in entitlement cuts, and we're going to see a big, dramatic negotiation. and what you and i is -- and all of our fellow americans are looking at is the prospect of a recession next year if the president and mr. boehner can't come to an agreement, as much as a 10% unemployment rate because both this president and the republican party, as you can see here, are
the boehner plan goes for $2 trillion in deficit reduction, boehner wants, oh, yeah, he's going to kkck tail, all right? we're going to get $2.2 billion in the spending of this country. let me rephrase that. that'll be a $2.2 trillion reduction in the total planned spending. the growth of our spending will alter, it'll be just about that line right there. we're potentially looking at the republican plan, well, in 2020, i guess the best way to show you is just how tough it is. we'll only have a...
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that's why most lawmakers are not boxing boehner in. would you go for that? >> i think we have to look at the whole package and as i've said, let's leave everything out here. >> reporter: now, boehner said publicly he is still optimistic about getting a deal done but privately in that meeting with house republicans today, several lawmakers came out and told us that the speaker told them not to make any plans for christmas. wolf? >> does that mean all 435 members of the house, 100 senators are going to be told to stay here during that christmas week leading up to new year's? >> reporter: it is entirely possible. what leaders have done in the past, even as recently as last week, is sent home rank and file members while the leaders stayed and negotiated. but as we get closer to the holidays, it's entirely possible, even maybe probable that they will keep everybody here in case they actually do get a bill and they will be able to pass it fast. we know that when things move, they actually move very quickly and en there's a will to get out of here, particularly as
that's why most lawmakers are not boxing boehner in. would you go for that? >> i think we have to look at the whole package and as i've said, let's leave everything out here. >> reporter: now, boehner said publicly he is still optimistic about getting a deal done but privately in that meeting with house republicans today, several lawmakers came out and told us that the speaker told them not to make any plans for christmas. wolf? >> does that mean all 435 members of the house,...
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so john boehner trying to simplify things. he's asking top democrats and republica republicans to step aside so he can negotiate with the president one-on-one. it seems to be a request that everyone was able to live with. brianna keilar is live for us at the white house. if this is the case that everybody has been cleared out of the room, does that surprise you? it seems to make sense to me. >> reporter: it's not surprising at all. this is what observers of this process thought would happen all along. ultimately this was a process that would come down to president obama and house speaker john boehner brokering a deal. very much the way you saw they attempted to do during the debt ceiling debacle last year. it simplifies the problem of less cooks in the kitchen. then they will have to sell it. president obama would have to bring in democrats. john boehner would have to bring in his republicans and make sure everyone is on board. this comes on the heels of what has really been radio silence between the white house and house repu
so john boehner trying to simplify things. he's asking top democrats and republica republicans to step aside so he can negotiate with the president one-on-one. it seems to be a request that everyone was able to live with. brianna keilar is live for us at the white house. if this is the case that everybody has been cleared out of the room, does that surprise you? it seems to make sense to me. >> reporter: it's not surprising at all. this is what observers of this process thought would...
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only 25% they say, you know, say the same for boehner. we do have one more poll, this is really the big kahuna, shows 65% believe the voters gave the president a mandate to raise tax rates on the wealthy. so dana bash, given all of that, do we have any idea what the republican calculus is here and apparently hardening now their position on the taxes? >> reporter: i'm not really sure if in reality their position is hardening on raising -- or keeping tax cuts in place for the wealthiest americans. it may have been on paper in the proposal, certainly departments are using that today. that is the story line of the day. democrats are using it politically against republicans. but i talked to so many republicans, trent franks is one of them, who kind of shrugged their shoulders and say they understand that they don't have leverage as you just illustrated in that poll that the democrats have leverage, for a number of reasons, whether it is the amount of -- that the president won by, politically, or just the substance of this argument, the democra
only 25% they say, you know, say the same for boehner. we do have one more poll, this is really the big kahuna, shows 65% believe the voters gave the president a mandate to raise tax rates on the wealthy. so dana bash, given all of that, do we have any idea what the republican calculus is here and apparently hardening now their position on the taxes? >> reporter: i'm not really sure if in reality their position is hardening on raising -- or keeping tax cuts in place for the wealthiest...
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boehner hasn't come back yet. if boehner offers $1 trillion new revenues can it pass the house? >> andrea: great question. we are sitting around the table sitting about deal that boehner brokers. he has to go back to the members to get the deal through the house. i'm not so sure about it. i know what he won't get through the house, raising taxes. he is not going to get some tax raising compromise together. there is no house member when they know they have to run for re-election every two years, that is going to vote for a tax increase. how would they get through a primary? >> bob: they will vote on cutting taxes on everybody but the 2%. that is politically sellable. >> dana: no. extending the bush tax cuts for everybody. it's not obama's tax cuts. >> bob: you extend it for everybody except for that group of people. >> eric: if they are not -- let me ask you. >> dana: i see. >> eric: will they get -- >> dana: i see what he is saying. it's like when you reduce the rate of growth, you get credit for saying that you cut spending. it's a game. it's a word game. >> bob: keep in mind,
boehner hasn't come back yet. if boehner offers $1 trillion new revenues can it pass the house? >> andrea: great question. we are sitting around the table sitting about deal that boehner brokers. he has to go back to the members to get the deal through the house. i'm not so sure about it. i know what he won't get through the house, raising taxes. he is not going to get some tax raising compromise together. there is no house member when they know they have to run for re-election every two...
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only 39% of republicans approve of boehner's handling of it. so it's not like he has the wind to his back. >> that's right. i think that speaks to, really, this is a fractionist party. boehner's is the leader of this house faction, but i think the republican party is very split nationwide and those polls suggest -- and i do think, also, that we're seeing a lot in the public play out. but there's all sorts of private talks going on that we just don't know about. you heard from pelosi today about talks that she had. of what her impressions of where this deal actually is. you heard from jay carney the same thing. they don't want to play this out in public. they don't want to play it out in that way because it might jeopardize a deal later on. on the one hand, you have boehner with a public theater that may not actually be in keeping with what is actually going on behind closed doors. i think both of these men are ultimately going to have to get a deal done. and both of them are thinking about their legacy. they're also thinking about what it's goi
only 39% of republicans approve of boehner's handling of it. so it's not like he has the wind to his back. >> that's right. i think that speaks to, really, this is a fractionist party. boehner's is the leader of this house faction, but i think the republican party is very split nationwide and those polls suggest -- and i do think, also, that we're seeing a lot in the public play out. but there's all sorts of private talks going on that we just don't know about. you heard from pelosi today...
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boehner raised the question. some of the things that the president was asking for i couldn't get through the house anyway. if he can make a deal with the president and it is still painful, even if it's not $1.4 trillion in new revenue can he get it through the house? how much danger is he in for losing the speakership if he doesn't stand firm enough on the president? >> he could be in fair bit of danger here. the question is, if he is willing to get something through the house without a majority of the caucus for. this hastert rule. speaker hastert would never bring something through unless majority of republicans to support it. >> chris: majority of the majority. >> so of course his speakership could be threatened here. one side story of this at least in washington is the majority leader. cantor has been not as front and center in the negotiations at all. is he waiting in the wings to help things out, waiting in the wings to be there if speaker boehner falls? that is an intrigue here. speaker boehner is committe
boehner raised the question. some of the things that the president was asking for i couldn't get through the house anyway. if he can make a deal with the president and it is still painful, even if it's not $1.4 trillion in new revenue can he get it through the house? how much danger is he in for losing the speakership if he doesn't stand firm enough on the president? >> he could be in fair bit of danger here. the question is, if he is willing to get something through the house without a...
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john boehner is the president's partner at this point. he can't wait for two years for a resolution of this problem. it would be damaging for the markets, for the economy. >> everybody, yeah. >> if this thing drifts for two years. certainly the president would like to have a democratic house, but he doesn't have one right now. he's not going to have one for some time, probably not going to have one after the 2014 elections. >> no? >> so i think this president is focused on trying to get john boehner and republicans to come his way on tax rates which is a position that's popular with the american public as our nbc/"wall street journal" poll showed this week and then get to the end stage bargaining on spending. >> so who prompted this meeting, john? you said there's a real shakeup, you're hearing about a shakeup. who prompted the meeting? was it the president or john boehner? >> reporter: i don't know that yet. i infer from what i heard about a shakeup being required that the speaker might have done it, but i don't know that yet. >> okay. w
john boehner is the president's partner at this point. he can't wait for two years for a resolution of this problem. it would be damaging for the markets, for the economy. >> everybody, yeah. >> if this thing drifts for two years. certainly the president would like to have a democratic house, but he doesn't have one right now. he's not going to have one for some time, probably not going to have one after the 2014 elections. >> no? >> so i think this president is focused...
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boehner's already said he put revenue on the table. read the bob woodward book, the price of politics. it showed that boehner went much further than any republican has been willing to go when it comes to revenue and funding the government. the second issue when it comes to president obama saying we want to return back to the clinton era rates, it wasn't the rates that netted government revenue. it was unprecedented economic growth in the tech bubble. so the brilliance of this -- >> and no war. >> well, that's -- that's the rate question. the income to government. spending side of the equation. if we simply return back to the spending rates as a percentage of our economy of the clinton era, this thing would be fixed like that. >> that's what we keep hearing. anyway, representative, good to have you on the program. >> thanks for having me. >> can't wait to hear what the traders have to say about this. "fast money halftime report" with scott wapner and the crew begins right now. >>> all right, brian and thanks so much. welcome to "halftim
boehner's already said he put revenue on the table. read the bob woodward book, the price of politics. it showed that boehner went much further than any republican has been willing to go when it comes to revenue and funding the government. the second issue when it comes to president obama saying we want to return back to the clinton era rates, it wasn't the rates that netted government revenue. it was unprecedented economic growth in the tech bubble. so the brilliance of this -- >> and no...
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john boehner sitting by himself. all alone. not a single member of his party willing to share his company. he didn't even have any milk to drink because -- well, tell them why, john. >> they had taken my milk and thrown it in the garbage. >> they took it and threw it in the garbage. >> that's jay ferrell as president obama. he is so good at this. candy crowley actually thought that was president obama. >> he is so good at his delivery. >>> let's talk about our documentary that aired last night. fifth installment of the "black in america" series. we asked the question who is black in america? it unravels the complicated, densely packed issue of racial identity in in country. here is a clip. you must have been told, well, you're not really black like 100 million zillion times. >> you know, i love that conversation. >> you do? you love that conversation. why? i hate that conversation. >> it is fascinating to me. it is fascinating. >> so what do you check when you have to fill out a form, like a census? >> i say black now. but as l
john boehner sitting by himself. all alone. not a single member of his party willing to share his company. he didn't even have any milk to drink because -- well, tell them why, john. >> they had taken my milk and thrown it in the garbage. >> they took it and threw it in the garbage. >> that's jay ferrell as president obama. he is so good at this. candy crowley actually thought that was president obama. >> he is so good at his delivery. >>> let's talk about our...
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these negotiations are between two men, house speaker john boehner and the president. and once those two men agree, then they will take it to their folks. >> all right. kate balduan, live in washington. thank you. >> thanks, guys. >>> all right, recreational pot is now legal in washington state under a new law which took effect at midnight. adults can possess up to an ounce of marijuana legally. it's still against the law to grow pot or to sell it. but those celebrating the new normal are accentuating the positive. >> it's amazing. i'm not a criminal anymore. i can't go to jail for small amounts of marijuana, you know? it's -- i'm free to be free. >> the new law doesn't allow smoking in public places, just like alcohol, but police in seattle and across the state made an exception for overnight celebrations to ring in this new law. >>> so it's another public relations problem for penn state. the school's kai omega sorority is under investigation for stereotype i stereotyping latinos. pictures showed the sorority members in somberos with fake mustaches with signs that sa
these negotiations are between two men, house speaker john boehner and the president. and once those two men agree, then they will take it to their folks. >> all right. kate balduan, live in washington. thank you. >> thanks, guys. >>> all right, recreational pot is now legal in washington state under a new law which took effect at midnight. adults can possess up to an ounce of marijuana legally. it's still against the law to grow pot or to sell it. but those celebrating the...
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after the meeting, spokesman for both boehner and the president issued identical statements. that's nice. simply saying the line of communication remain open. that is promising according to former white house chief of staff erskine bowles. >> they've started to tango now and anytime you've got two guys tangoing. you've got a chance to get it done. >> how are the warnings affecting you? the american consumer. in the last few weeks, we have seen record shopping and black friday sales. we've also seen jobs numbers that are up. and today, fedex is expecting its busiest day ever. shipping about 19 million pa packages. that is about 20 packages per second. and loads of jet fuel. christine romans joining me now with more. those sound like great indicators. you're the trend lady. do the trends look like they're going to continue despite this horror show of the fiscal cliff? >> there's a bunch of things going for consumers. you named some, but you've also got the stock market. job growth. rising home values. you've been seeing home values tick up slowly, but surely over the last few m
after the meeting, spokesman for both boehner and the president issued identical statements. that's nice. simply saying the line of communication remain open. that is promising according to former white house chief of staff erskine bowles. >> they've started to tango now and anytime you've got two guys tangoing. you've got a chance to get it done. >> how are the warnings affecting you? the american consumer. in the last few weeks, we have seen record shopping and black friday sales....
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boehner will have to cut a deal that raises taxes. their idea of fiscal conservatism, for two decades, has only been about taxes. meanwhile, under current sentiment, underneath him, why don't you finally go after spending. those tea party people will be completely hostile to whatever deal comes up. connell: the reason he is speaker of the house is because of those tea party. the same group that may, if you are right though i drive him out of town. >> he has been systematically pushing tea party people out of committees in order to get his conference more in line. connell: he better kind of followed the line here. >> that is how you organize and discipline. it will hurt the economy without solving the problem. connell: is he supposed to -- that would be characterized as a "grand bargain." if you are right, his job is literally on the line. >> there isn't much of an option. he has not been talking about that. there is no intellectual foundation for math. if it gets tough, he gets blamed. he is going to come up with a lousy deal of some
boehner will have to cut a deal that raises taxes. their idea of fiscal conservatism, for two decades, has only been about taxes. meanwhile, under current sentiment, underneath him, why don't you finally go after spending. those tea party people will be completely hostile to whatever deal comes up. connell: the reason he is speaker of the house is because of those tea party. the same group that may, if you are right though i drive him out of town. >> he has been systematically pushing tea...
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boehner came out and said we should raise taxes. >> i think boehner is doing the best he can to prevent marginal tax rates from rising. i think that's a very noble cause after conservatives and republicans lost in the last election. i think boehner's done the exact right thing. >> i've heard you make the bold case for conservatism on this show. we should advocate for what worked with ronald reagan. guess what? our economy took off. we got 20 million jobs and youth unemployment dropped 43%. and revenues doubled. >> that's not the issue. >> yes, it is. >> that's not john boehner's issue. john boehner didn't lose the presidency, my friend. and don't forget that. and by the way, conservatives did not win the presidency and conservatives did not win the senate. it was a lousy year. and you have to deal with that. and let me add one thing. i am a flat tax supply sider and i worked for ronald reagan. reagan compromised. he compromised in 1982 over a lousy deal which he regretted. he compromised in 1983 over a very good social security fix. and then he compromised again in 1986 over a very good
boehner came out and said we should raise taxes. >> i think boehner is doing the best he can to prevent marginal tax rates from rising. i think that's a very noble cause after conservatives and republicans lost in the last election. i think boehner's done the exact right thing. >> i've heard you make the bold case for conservatism on this show. we should advocate for what worked with ronald reagan. guess what? our economy took off. we got 20 million jobs and youth unemployment...
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so it must come down to boehner's future. do you see more and more republicans starting to peel off in the house? will this pressure mount? >> absolutely. i think -- i think we're seeing an awful lot of republicans already folding privately. and i think that that's being reflected in the larger debate. i think we're going to see more of that. i mean, i'm very struck by -- the day after we had the sacred cows of the republican party -- i mean, there was a barbecue of the sacred cows. it was amazing. grover norquist, persona non grata. karl rove, completely unwelcomed in many corners in which he was star in the sun king. i think as people are feeling that, you're sensing that they really need to rethink in both short term and long term what kind of a republican party can they be? >> okay. donna gentile-o'donnell and michael eric dyson. professor, great to have you with us tonight. >>> there's a lot more coming up in the next half hour of "the ed show." stay tuned. >> we're not going to implement obama care in florida. >> we're
so it must come down to boehner's future. do you see more and more republicans starting to peel off in the house? will this pressure mount? >> absolutely. i think -- i think we're seeing an awful lot of republicans already folding privately. and i think that that's being reflected in the larger debate. i think we're going to see more of that. i mean, i'm very struck by -- the day after we had the sacred cows of the republican party -- i mean, there was a barbecue of the sacred cows. it...
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speaker boehner is about to speak. here he is. >> when it comes to the fiscal cliff that's threatening our economy and our jobs, the white house has wasted another week. you know, eight days ago secretary geithner came here to offer a plan that had twice the tax hikes that the president campaigned on. it had more stimulus spending than it had in cuts. and an indefinite, infinite increase in the debt limit like forever. four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion-dollar deficits for as far as the eye can see. listen. washington's got a spending probl
speaker boehner is about to speak. here he is. >> when it comes to the fiscal cliff that's threatening our economy and our jobs, the white house has wasted another week. you know, eight days ago secretary geithner came here to offer a plan that had twice the tax hikes that the president campaigned on. it had more stimulus spending than it had in cuts. and an indefinite, infinite increase in the debt limit like forever. four days ago we offered a serious proposal based on testimony of...
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the president meeting face to face with speaker boehner yesterday. and talking to our chief white house correspondent basically the status of those discussions is sitting at a stalemate. back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 ...helps me keep an eye on what's really important to me. tdd#: 1-800-345-2550 it's packed with tools that help me work my strategies, tdd#: 1-800-345-2550 spot patterns and find opportunities more easily. tdd#: 1-800-345-2550 then, when i'm ready... act decisively. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 with the exact same tools, the exact same way. tdd#: 1-800-345-25
the president meeting face to face with speaker boehner yesterday. and talking to our chief white house correspondent basically the status of those discussions is sitting at a stalemate. back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i...
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>> you just played a bite from speaker boehner saying, look, show us a little leg here, democrats, on those -- on those spending cuts and this is what he's talking about. take a look at this. the white house says, they're willing to do $350 billion in health savings. and the republicans are almost double that, what that includes from the republican party is increasing, for example, the eligibility age from medicare. say instead of it being 65 it might go up to the age of 67 or changing the way we calculate then crease in social security benefits. these are things that the president has been willing to talk about in the past. the republicans want them to talk about it first, right now, before they sign on to any rate increase. so we're back in the situation of who gives first, which is why these talks are going to have to come down to the president and john boehner in a room with a closed door, okay, because that's the only way they're going to get to do it. >> we'll see who gives a little leg. gloria, thank you. >>> former president carter put solar panels on the white house when he w
>> you just played a bite from speaker boehner saying, look, show us a little leg here, democrats, on those -- on those spending cuts and this is what he's talking about. take a look at this. the white house says, they're willing to do $350 billion in health savings. and the republicans are almost double that, what that includes from the republican party is increasing, for example, the eligibility age from medicare. say instead of it being 65 it might go up to the age of 67 or changing...
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boehner i think is trying to rise above partisanship and get a deal. i think he's been very valiant. but sit going to take a toll on the gop internally? >> larry, i was at a very prominent conservative meeting in washington today, and you know who showed up? a congressman from kansas. he was booted off of his committee earlier today and he was very angry talking to conservative activists. here's why conservatives are angry. as this fiscal cliff negotiations continues, they think boehner is trying to warn conservatives about going against any kind of deal he cuts with the white house. so as a warning, boehner is saying i'm going to boot you off your committee if you go against something i do. a lot of conservatives don't like it when he plays hardball. they're going to continue to fight back just like senator demint is doing right now. >> but he's also going to lose some votes on the moderate side. a couple dozen republican house members signed a bipartisan letter that says let's look at all kinds of tax rates, not just the deduction, but tax rates in r
boehner i think is trying to rise above partisanship and get a deal. i think he's been very valiant. but sit going to take a toll on the gop internally? >> larry, i was at a very prominent conservative meeting in washington today, and you know who showed up? a congressman from kansas. he was booted off of his committee earlier today and he was very angry talking to conservative activists. here's why conservatives are angry. as this fiscal cliff negotiations continues, they think boehner...
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john boehner is meeting with president obama on the fiscal cliff as we speak. those are the headlines. tonight in "the war room," you'll get the story. ♪ which side are you on, boy ♪ ♪ which side are you on ♪ >> jennifer: let's start tonight with one of california's most significant contributions to the world... blue jeans! during the gold rush, bavarian immigrant began making durable cotton pants for miners seeking their fortune in the california hills. that man was levi strauss. now, 140 years later 450 million pairs of jeans are sold every year in the u.s. alone. now, you would think with that volume, the manufacturing process would be totally mechanized but actually a lot of it is still done by hand. a typical pair of jeans is made from 15 individual pieces, someone has to oversee cutting all of those pieces and sew them together and as you can see in this discovery channel documentary, the seams get ironed out flat then the zipper and the rivets are attached and finally, because who wants new-looking jeans they get distressed. workers put them on g
john boehner is meeting with president obama on the fiscal cliff as we speak. those are the headlines. tonight in "the war room," you'll get the story. ♪ which side are you on, boy ♪ ♪ which side are you on ♪ >> jennifer: let's start tonight with one of california's most significant contributions to the world... blue jeans! during the gold rush, bavarian immigrant began making durable cotton pants for miners seeking their fortune in the california hills. that man was...
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do you feel sorry for john boehner who has all these circus folks with him? >> i don't. >> eliot: shocking to me. >> look, he has--he's trying to maintain his caucus, and you know, at the end of the day i don't really invest too heavily about the actual persons of these politicians. the fact that you were talking about lindsey graham who pressureperceived-- >> eliot: i was setting him up to tear him down. >> the point is he's facing re-election. the republican electorate that the republicans have nurtured and grown. they have created frankenstein, i've said it before on this program, and basically they're at the mercy of these people. they created this monster and they can't put it back in the bottle. >> eliot: would you agree with sam, they are now the victims of their own creation. they cannot escape the tea party fringe who has knocked out the more moderate voices of the establishment party so they're left with only the fear of the far rate. shame on them. >> i don't mean to put too fine of a point on it, the republican party of this party is demented. i w
do you feel sorry for john boehner who has all these circus folks with him? >> i don't. >> eliot: shocking to me. >> look, he has--he's trying to maintain his caucus, and you know, at the end of the day i don't really invest too heavily about the actual persons of these politicians. the fact that you were talking about lindsey graham who pressureperceived-- >> eliot: i was setting him up to tear him down. >> the point is he's facing re-election. the republican...
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speaker boehner is not cooperating and telling us what was in it. >> i tnk until speaker boehner and the republicans agree to raise taxes on wealthiest folks there will be no deal, it will be a high stakes game of chicken during a lame duck session of congress, no other deals will get cut. >> john? >> the president campaigned on a balanced approach. a year or so ago, president was talking about 700 billion in taxes, now he doubled it a balanced approach, negotiation would mean you put both taxes and spending on the table. and specify, president is doing neither. this is a game of chicken, which i think is designed to go over the fiscal cliff, and pin the blame on the republins, i understand why the president is doing it for political reasons but i don't think that the republicans have to surrender themselves in this game of chicken. lou: it seems the ultimatum, raise taxes on top 2%, why not let him eat to, it is his decision, go for it, if you don't want a mature, and intelligence, and responsible negotiation, you do not know who you are dealing with, it is called a constitutional b
speaker boehner is not cooperating and telling us what was in it. >> i tnk until speaker boehner and the republicans agree to raise taxes on wealthiest folks there will be no deal, it will be a high stakes game of chicken during a lame duck session of congress, no other deals will get cut. >> john? >> the president campaigned on a balanced approach. a year or so ago, president was talking about 700 billion in taxes, now he doubled it a balanced approach, negotiation would mean...
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boehner and reid in washington. do you think that's having any impact on the type of people who buy your products? >> you know, i think any time when there's a lot of talk about what the future may hold for government, for taxation, for financing, that's going to give some people some trepidation about spending. if there's word about the fact that you are going to have higher taxes come the new year, won't have as much to spend, maybe you hold back a little bit. what we like about our business is, it's a relatively low barriers to entry. consumers can buy the luxury of our beauty for $17, $18, $25, $30. this is not a huge investment. and so we're finding a lot of consumers are finding their way into beauty because they don't want to spend $1,000, $2,000 or $3,000 on very luxurious, larger items like a handbag or a new car, for example. so beauty has its frequency shoppers. but that being said, overall, if the consumer is not certain she has the disposal income, perhaps she holds back a little bit. >> sir, one of my
boehner and reid in washington. do you think that's having any impact on the type of people who buy your products? >> you know, i think any time when there's a lot of talk about what the future may hold for government, for taxation, for financing, that's going to give some people some trepidation about spending. if there's word about the fact that you are going to have higher taxes come the new year, won't have as much to spend, maybe you hold back a little bit. what we like about our...
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john boehner he listen to this, this is b 12 john boehner after the election, what he was calling the president to do which he is not doing. >> mr. president this is your moment. we're ready to be led, not as democrats or republicans but as americans. we want to you lead, not as a liberal or conservative, but as president of the united states of america. we want to you succeed. let's challenge ourselves to find the common ground that has alluded us. let's rise above the dysfunction and do the right thing together for our country. >> cenk: now look, i'll tell i couldn't this pisses me off. lindsey graham says the same thing. this is not time to be liberal. conservatives say time to be conservatives. we've got a mandate. but not time to be liberal time to be bipartisan. you play small ball. you're not a man. a man agrees with us? why, a man kicks your ass. >> that is not why he wanted to win. it wasn't just about getting elected. that's what lindsey graham and john boehner don't see. they are not leading. they boehner is complaining we're not getting specifics. the republicans gave no s
john boehner he listen to this, this is b 12 john boehner after the election, what he was calling the president to do which he is not doing. >> mr. president this is your moment. we're ready to be led, not as democrats or republicans but as americans. we want to you lead, not as a liberal or conservative, but as president of the united states of america. we want to you succeed. let's challenge ourselves to find the common ground that has alluded us. let's rise above the dysfunction and do...